Venezuelan president, Hugo Chavez ripped the new commander in chief after Obama said the socialist leader exported terrorism and hindered progress in Latin America, Reuters reported.

"He goes and accuses me of exporting terrorism: the least I can say is that he's a poor ignoramus," Chavez fumed on his weekly television show. "He should read and study a little to understand reality."

Chavez said he will now scrap his plans to send a new ambassador to Washington. He recalled the last envoy he sent to the U.S. after he and the Bush administration had a disagreement last year -- the U.S. ambassador to Venezuela was also expelled.

"When I saw Obama saying what he said, I put the decision back in the drawer. Let's wait and see," Chavez said.